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ALC vs. MDT: Alcon vs. Medtronic Stock Comparison

How do Alcon (ALC) and Medtronic (MDT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Alcon (ALC) and Medtronic (MDT) both belong to the Health Care Equipment & Supplies industry, though ALC is classified under Health Care Supplies while MDT falls under Health Care Equipment.

Company profile comparison for Alcon (ALC) and Medtronic (MDT)
Profile ItemALCMDT
NameAlcon Inc.Medtronic plc
Country/RegionSwitzerlandIreland
GICS SectorHealth CareHealth Care
GICS Industry GroupHealth Care Equipment & ServicesHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & SuppliesHealth Care Equipment & Supplies
GICS Sub-IndustryHealth Care SuppliesHealth Care Equipment
Market Capitalization36.23 billion USD130.22 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateApril 9, 2019May 2, 1973
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ALC
MDT
GSPC
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Alcon (ALC) vs. Medtronic (MDT), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Alcon (ALC) and Medtronic (MDT). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Alcon (ALC) and Medtronic (MDT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Alcon (ALC) and Medtronic (MDT)
MetricALCMDT
Total Return (1Y)1.20%15.72%
Total Return (3Y, Annualized)1.17%17.58%
Total Return (5Y, Annualized)-2.77%-0.18%

Risk Profile

Drawdown History

ALC
MDT
GSPC
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Alcon (ALC) vs. Medtronic (MDT), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Alcon (ALC) and Medtronic (MDT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Alcon (ALC) and Medtronic (MDT)
MetricALCMDT
Volatility (1Y, Annualized)29.23%25.84%
Beta (5Y)0.840.53
Max Drawdown (5Y)-37.93%-39.67%
Avg. Volume (3M)1.74M16.48M

Risk-Adjusted Performance

Risk-Return Positioning

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ALC and MDT are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Alcon (ALC) and Medtronic (MDT)
MetricALCMDT
Sharpe Ratio (1Y)-0.110.44
Sortino Ratio (1Y)-0.150.71

Profitability

ROE (TTM)

Both Alcon (ALC) at 2.94% and Medtronic (MDT) at 10.65% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

ALC

Health Care Equipment & Services industry group

2.94%

Max
47.61%
Q3
14.36%
Median
5.45%
ALC
2.94%
Q1
-10.67%
Min
-47.01%

MDT

Health Care Equipment & Services industry group

10.65%

Max
47.61%
Q3
14.36%
MDT
10.65%
Median
5.45%
Q1
-10.67%
Min
-47.01%
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Alcon (ALC) vs. Medtronic (MDT): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

Medtronic (MDT) at 13.93% retains a top-quartile share of revenue as profit, ahead of Alcon (ALC) at 5.92%, which keeps about the industry-typical share.

ALC

Health Care Equipment & Services industry group

5.92%

Max
29.35%
Q3
9.33%
ALC
5.92%
Median
2.18%
Q1
-6.29%
Min
-28.46%

MDT

Health Care Equipment & Services industry group

13.93%

Max
29.35%
MDT
13.93%
Q3
9.33%
Median
2.18%
Q1
-6.29%
Min
-28.46%
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Alcon (ALC) vs. Medtronic (MDT): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Both Alcon (ALC) at 14.63% and Medtronic (MDT) at 19.33% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

ALC

Health Care Equipment & Services industry group

14.63%

Max
35.43%
ALC
14.63%
Q3
14.14%
Median
6.81%
Q1
-0.28%
Min
-16.29%

MDT

Health Care Equipment & Services industry group

19.33%

Max
35.43%
MDT
19.33%
Q3
14.14%
Median
6.81%
Q1
-0.28%
Min
-16.29%
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Alcon (ALC) vs. Medtronic (MDT): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Alcon (ALC) and Medtronic (MDT)
MetricALCMDT
ROE (TTM)2.94%10.65%
ROA (TTM)2.80%5.12%
Net Margin (TTM)5.92%13.93%
Operating Margin (TTM)14.63%19.33%
Gross Margin (TTM)57.22%65.27%

Growth

Revenue Growth

Both Alcon (ALC) at 4.94% and Medtronic (MDT) at 8.43% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Alcon (ALC) vs. Medtronic (MDT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Alcon (ALC) at -3.41% and Medtronic (MDT) at 3.32% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Alcon (ALC) vs. Medtronic (MDT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Alcon (ALC) and Medtronic (MDT)
MetricALCMDT
Revenue Growth (YoY)4.94%8.43%
Revenue Growth (3Y CAGR)6.06%5.21%
EPS Growth (YoY)-3.41%3.32%
EPS Growth (3Y CAGR)42.80%9.77%

Financial Strength

Current Ratio (MRQ)

Both Alcon (ALC) at 2.09 and Medtronic (MDT) at 2.07 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

ALC

Health Care Equipment & Services industry group

2.09

Max
7.59
Q3
4.00
ALC
2.09
Median
1.98
Q1
1.37
Min
0.30

MDT

Health Care Equipment & Services industry group

2.07

Max
7.59
Q3
4.00
MDT
2.07
Median
1.98
Q1
1.37
Min
0.30
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Alcon (ALC) vs. Medtronic (MDT): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Both Alcon (ALC) at 0.25 and Medtronic (MDT) at 0.55 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

ALC

Health Care Equipment & Services industry group

0.25

Max
1.88
Q3
0.91
Median
0.58
ALC
0.25
Q1
0.16
Min
0.00

MDT

Health Care Equipment & Services industry group

0.55

Max
1.88
Q3
0.91
Median
0.58
MDT
0.55
Q1
0.16
Min
0.00
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Alcon (ALC) vs. Medtronic (MDT): A comparison of their debt-to-equity ratio against the Health Care Equipment & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Alcon (ALC) and Medtronic (MDT)
MetricALCMDT
Current Ratio (MRQ)2.092.07
Debt / Equity (MRQ)0.250.55
Net Debt / EBITDA1.601.86

Dividends

Dividend Yield (TTM)

Both Alcon (ALC) at 0.46% and Medtronic (MDT) at 2.72% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

ALC

Health Care Equipment & Services industry group

0.46%

ALC
0.46%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

MDT

Health Care Equipment & Services industry group

2.72%

MDT
2.72%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Alcon (ALC) vs. Medtronic (MDT): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both Alcon (ALC) at 26.56% and Medtronic (MDT) at 70.02% pay out more of their earnings than any of their industry peers — the thinnest cover in their groups, so dividend headroom deserves attention.

ALC

Health Care Equipment & Services industry group

26.56%

ALC
26.56%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

MDT

Health Care Equipment & Services industry group

70.02%

MDT
70.02%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Alcon (ALC) vs. Medtronic (MDT): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Alcon (ALC) and Medtronic (MDT)
MetricALCMDT
Dividend Yield (TTM)0.46%2.72%
Dividend Payout Ratio (TTM)26.56%70.02%

Valuation

P/E Ratio (TTM)

Medtronic (MDT) at 25.01 is near its industry’s usual P/E ratio, while Alcon (ALC) at 56.77 sits in the richer quartile — ALC needs stronger growth or earnings quality to justify the premium.

ALC

Health Care Equipment & Services industry group

56.77

Max
80.41
ALC
56.77
Q3
47.62
Median
29.93
Q1
21.19
Min
4.21

MDT

Health Care Equipment & Services industry group

25.01

Max
80.41
Q3
47.62
Median
29.93
MDT
25.01
Q1
21.19
Min
4.21
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Alcon (ALC) vs. Medtronic (MDT): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Alcon (ALC) at 3.34 and Medtronic (MDT) at 3.47 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

ALC

Health Care Equipment & Services industry group

3.34

Max
8.80
Q3
4.32
ALC
3.34
Median
2.13
Q1
1.10
Min
0.03

MDT

Health Care Equipment & Services industry group

3.47

Max
8.80
Q3
4.32
MDT
3.47
Median
2.13
Q1
1.10
Min
0.03
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Alcon (ALC) vs. Medtronic (MDT): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

Alcon (ALC) at 1.68 sits in the lower P/B ratio quartile against book while Medtronic (MDT) at 2.59 is valued near its industry’s middle — ALC is cheaper on assets, though weigh it against ROE and asset quality.

ALC

Health Care Equipment & Services industry group

1.68

Max
11.68
Q3
6.12
Median
3.00
Q1
1.73
ALC
1.68
Min
-1.31

MDT

Health Care Equipment & Services industry group

2.59

Max
11.68
Q3
6.12
Median
3.00
MDT
2.59
Q1
1.73
Min
-1.31
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Alcon (ALC) vs. Medtronic (MDT): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Alcon (ALC) and Medtronic (MDT)
MetricALCMDT
P/E Ratio (TTM)56.7725.01
P/S Ratio (TTM)3.343.47
P/B Ratio (MRQ)1.682.59
Free Cash Flow Yield (TTM)3.51%4.16%